Dimensional Fund Advisors LP Purchases 299,115 Shares of ONEOK, Inc. (NYSE:OKE)

Dimensional Fund Advisors LP raised its position in shares of ONEOK, Inc. (NYSE:OKE - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,981,786 shares of the utilities provider's stock after purchasing an additional 299,115 shares during the period. Dimensional Fund Advisors LP owned approximately 0.68% of ONEOK worth $399,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ONEOK by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 70,120,264 shares of the utilities provider's stock worth $7,040,075,000 after buying an additional 558,789 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in ONEOK by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,414,781 shares of the utilities provider's stock valued at $1,848,844,000 after buying an additional 934,007 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ONEOK by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 14,037,890 shares of the utilities provider's stock worth $1,405,697,000 after buying an additional 357,015 shares during the last quarter. Norges Bank acquired a new position in shares of ONEOK during the fourth quarter worth $539,554,000. Finally, Wellington Management Group LLP lifted its stake in shares of ONEOK by 433.4% in the 4th quarter. Wellington Management Group LLP now owns 4,206,906 shares of the utilities provider's stock valued at $422,373,000 after acquiring an additional 3,418,207 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors.

ONEOK Stock Up 0.1 %

OKE stock traded up $0.12 during midday trading on Friday, reaching $86.40. 693,318 shares of the company's stock traded hands, compared to its average volume of 3,167,911. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.59. The firm's fifty day moving average price is $92.28 and its 200-day moving average price is $99.04. ONEOK, Inc. has a 52 week low of $75.48 and a 52 week high of $118.07. The company has a market cap of $53.97 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 3.77 and a beta of 1.20.

ONEOK (NYSE:OKE - Get Free Report) last posted its earnings results on Monday, February 24th. The utilities provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.11. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.18 billion. ONEOK had a net margin of 14.05% and a return on equity of 16.84%. As a group, sell-side analysts forecast that ONEOK, Inc. will post 5.07 earnings per share for the current fiscal year.

ONEOK Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 4.77%. ONEOK's dividend payout ratio (DPR) is currently 79.69%.

Analyst Upgrades and Downgrades

OKE has been the subject of a number of recent research reports. Barclays lowered their target price on ONEOK from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Friday, March 7th. Morgan Stanley raised their price objective on shares of ONEOK from $111.00 to $133.00 and gave the company an "overweight" rating in a report on Tuesday, March 25th. Scotiabank cut their target price on shares of ONEOK from $109.00 to $102.00 and set a "sector outperform" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company decreased their price target on shares of ONEOK from $107.00 to $102.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Finally, Wolfe Research upgraded shares of ONEOK from a "peer perform" rating to an "outperform" rating and set a $110.00 price target on the stock in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $106.42.

ONEOK Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.